Myanmar

The current political, economic and social instability in Myanmar presents significant challenges to foreign and local business. Many investment initiatives have been put on hold. Some companies have closed or exited. Many other companies are significantly constrained in their operations and are considering their options for continuing their business. However, many of the fundamental factors that have made Myanmar an attractive investment destination remain in place. While those factors may be less accessible in the short term, there is still the potential for Myanmar to reward patient investors in particular sectors over the medium to long term.

New investment: investors with a longer-term outlook and a keen awareness of the risks and challenges of operating in an emerging economy during a period of instability may still see opportunity in leveraging Myanmar’s geostrategic location, large population and natural resources – and the many gaps in its still under-developed market and economy. We can guide your new investment initiative with advice on market entry and regulatory requirements and support for new business licensing and permitting.

Maintaining existing business: existing investors and business operators looking to ride out the current period of instability, while maintaining an acceptable level of business activities, may benefit from efficiencies in meeting their regulatory requirements by outsourcing financial and compliance activities to our expert team.

Expanding existing business: we can provide expert advice to existing investors and business operators who see opportunities to expand their operations despite current circumstances. Our support can reduce the time and effort required to launch an expansion by providing additional resources and guidance on the required regulatory steps and processes.

Closure and exit: an orderly and compliant closure of a company in Myanmar generally requires a liquidation by way of a shareholders’ voluntary winding up under the Myanmar Companies Law. We can manage the entire process – including sourcing and supervising an experienced liquidator and providing a single point of contact for our clients – to ensure that all steps are carried out as smoothly as possible.

Our team is on the ground in Yangon, directly monitoring the business environment and risks in Myanmar and dealing with the day-to-day practicalities of compliance matters. Whether you are looking to enter, expand, maintain or close/exit, let us help guide you on your options and support your execution.